RLX Technology (RLX) Equity Ratio (2019 - 2026)

RLX Technology (RLX) reported Equity Ratio of 0.91 for Q1 2026, up 3.81% quarter-over-quarter from 0.88 in Q4 2025.

RLX Technology (RLX) Equity Ratio (2019 - 2026) Analysis & Trends

RLX Technology has reported Equity Ratio for 8 years, with the latest figure at 0.91 in Q1 2026.

  • For the quarter ending Q1 2026, Equity Ratio changed N/A year-over-year to 0.91; the trailing twelve-month figure through Mar 2026 stood at 0.91 (changed N/A YoY), and the FY2025 full-year result was 0.87, down 7.99% from the prior year.
  • Equity Ratio for Q1 2026 stood at 0.91, up from 0.88 in the prior quarter.
  • The five-year high for Equity Ratio was 0.96 in Q3 2023, with the low at 0.85 in Q1 2022.
  • Historically, Equity Ratio has averaged 0.93 across 5 years, with a median of 0.95 in 2022.
  • Annual changes were most pronounced in 2022 — Equity Ratio rose 14.86% — and 2025, when it dropped 7.41%.
  • RLX Technology's Equity Ratio stood at 0.95 in 2022, then gained by 0.77% to 0.96 in 2023, then decreased by 0.88% to 0.95 in 2024, then retreated by 7.41% to 0.88 in 2025, then grew by 3.81% to 0.91 in 2026.
  • The last three Equity Ratio figures came in at 0.91 (Q1 2026), 0.88 (Q4 2025), and 0.95 (Q4 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Philip Morris International 277.78 Bn 274.30 Bn 6.91 Bn -0.11
2 Altria 120.77 Bn 117.29 Bn 3.51 Bn -0.09
3 British American Tobacco p.l.c 45.84 Bn 40.53 Bn - 0.42
4 Turning Point Brands 1.66 Bn 1.49 Bn 68.30 Mn 0.50
5 Universal 1.35 Bn 1.30 Bn 98.47 Mn 0.53
6 RLX Technology 355.86 Mn -269.04 Mn 73.10 Mn 0.91
7 Ispire Technology 97.40 Mn 79.11 Mn 1.99 Mn -0.21
8 Rythm 54.37 Mn 21.11 Mn 10.40 Mn 0.29
9 Greenlane Holdings 11.69 Mn -26.54 Mn 217,000.00 0.89
10 22nd Century 2.50 Mn -7.04 Mn -636,000.00 0.70

Historic Data

Download Data
DateValue
Mar 31, 2026 0.91
Dec 31, 2025 0.88
Dec 31, 2024 0.95
Mar 31, 2024 0.96
Dec 31, 2023 0.96
Sep 30, 2023 0.96
Dec 31, 2022 0.95
Mar 31, 2022 0.85
Dec 31, 2021 0.83
Sep 30, 2021 0.82
Jun 30, 2021 0.79
Mar 31, 2021 0.82
Dec 31, 2020 0.37
Dec 31, 2019 0.07